Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.009%

Price spread now: Paradex against GRVT+0.040%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Paradex is 0.040% dearer against GRVT than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	91.871	0	get 0.0000% / 4h	2h 06m	$58K	$774K	25x
Short	Paradex CL-USD-PERP	91.907	0.0012	get 0.0012% / 8h	2h 06m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee ParadexbpOrdersPrice spread, now +0.040%Rate

Funding earned: $2.44
Price spread: +0.040% → 0.000%: $3.95
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.61
Costs to cover: 0.130%
Break-even: 26.0 days

Slippage unknown: GRVT: live order book, 16 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 16 min ago	1.09 bp	8.3 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0019%	1h	91.930	+0.065%	$2.4M	$2.6M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.959	+0.096%	$24.5M	$77.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	−0.018%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.950	+0.086%	$246.4M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.960	+0.097%	$25.2M	$99.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.940	+0.075%	$43.0M	$116.6M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.900	+0.032%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.934	+0.069%	$42.1M	$67.3M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.913	+0.046%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perplong	0.0000%	4h	91.871	long leg	$58K	$774K	25x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.948	+0.084%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.940	+0.075%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0003%	1h	91.865	−0.006%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.130%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERPshort	+0.0012%	8h	91.907	+0.040%	$15K	$367	5x
edgeX CLUSDC	+0.0022%	4h	91.866	−0.005%	$528K	$341K	30x	as long as short
Lighter WTI	+0.0032%	1h	91.856	−0.016%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.960	+0.097%	$2.0M	$29.5M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	+0.010%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.932	+0.066%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.920	+0.054%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.228%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.163%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.944	+0.080%	$182.5M	$289.8M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.934	+0.069%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.910	+0.043%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.840	−0.033%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.930	+0.065%	$336K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.928	+0.062%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.860	−0.012%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.883	+0.014%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0183%	1h	91.919	+0.052%	$881K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.955	+0.092%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.910	+0.043%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.076	+0.223%	$3.2M	$2.7M	20x	as long as short